Syarifah

Jakarta Retail Market Overview

The retail market experienced its continuous recovery driven by increased consumer activities and shopping back in full swing. Pressures on purchasing power may continue to intensify due to rising food and fuel prices.

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Jakarta CBD Office Market Overview

Recovery persisted with flight to quality and consolidation of group companies mainly contributing to a higher annual demand. Yet, rentals remained highly competitive in a tenant-led market with double-digit vacancy.

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Industrial Market Overview

The bi-yearly Greater Jakarta industrial market overview analyzes latest development trends, provides insights and tracks market dynamics of land sales in major industrial estates located in areas of Jakarta, Bogor, Depok, Tangerang, Bekasi…

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Jakarta Rental Apartment Market Overview

Supported by short-stay guests during the year-end holiday season and business travelers, the rental apartment market continued to see gradual improvement in occupancy and asking gross rentals.

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Jakarta Strata Apartment Market Overview

Strata condominium market in Jakarta remained to experience sluggish performance with a slower pre-sales and minimal price growth. Developers faced weak demand and financing difficulties, leading to lesser condo project launches and further…

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Jakarta CBD Office Market Overview

Rentals remained under pressure despite stronger demand coming from flight-to-quality and group company consolidation as double-digit supply continued to outpace absorption.

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Jakarta Industrial Market Overview

Despite slower sales absorption, asking land prices remained relatively stable. Manufacturing, Automotive-related and Data Center continued to contribute as the major demand drivers of land sales.

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Jakarta Strata Apartment Market Overview

Demand for strata condominiums in Jakarta remained subdued amid cautious buyer sentiment. With the expected ease of property ownership for foreigners to purchase properties, it may be deemed to provide an additional source of demand to…

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Jakarta Rental Apartment Market Overview

Bolstered by the resilient economy, rising daily and short-term stays partly helped to sustain the occupancy level and rental growth. Greater supply pipeline may pose strong competition.

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Jakarta Retail Market Overview

Amid a shifting retail landscape, upmarket retail malls have improved significantly, while other lower grade malls, particularly strata-titled malls, remained struggling in their recovery. Disruption from “social commerce” has been…

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Jakarta Retail Market Overview

The retail market rebounded strongly supporting its sales expansion, underpinned by increased footfall and consumer spending. However, the upward trend may still be clouded with concerns of inflationary pressures and cautious economic…

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Jakarta Industrial Market Overview

Data center, chemicals and electronics continued to perform as the primary drivers of land sales on the back of economic resilience and the lifting of all Covid restrictions.

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Jakarta Rental Apartment Market Overview

With the returning of expatriates and business activity back to normal, the rental apartment market continued to see further improvement in occupancy and asking gross rentals.

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Jakarta Strata Condominium Market Overview

Demand for strata condominiums in Jakarta remained weak despite the re-opening, with potential buyers—especially investors—still cautious about buying. Concerns over supply glut, rising cost of construction and higher interest rates…

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Jakarta CBD Office Market Overview

The Jakarta office market showed signs of improvement after the Covid-19 restrictions fully lifted and returning to normality. However, rents continued under downward pressure despite recording positive absorption.

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Jakarta CBD Office Market Overview

The improving pandemic situation in early part of 2022 has led employees to gradually return to office, along with the resurgent of market activities. However, excess new supply and double-digit vacancies will put further downward pressure…

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Industrial Market Overview

Following the lifting of lockdown measures, pent-up demand has strengthened the industrial land sales volumes in the first half with data center and chemicals industries continuing to emerge as key sources of demand.

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Jakarta Retail Market Overview

Two years after the pandemic emerged, the market recovery continued to gain positive momentum in the first half, leading to increased mall foot traffic and higher spending. After all, potential inflationary headwinds may hold back the…

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Jakarta Condominium Market Overview

The pre-sales rate in the first half of 2022 was registered flat, with the market expected to remain sluggish despite increased activities and the extended VAT waiver. Excess supply, increased cost of construction and potential rising…

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Jakarta Rental Apartment Market Overview

The total cumulative supply for both serviced and purpose-built rental apartments in the second half of 2021 decreased slightly by 0. 7% (yoy) to 8,919 units with a conversion of one non-serviced apartment into a hotel accommodation. For…

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Jakarta Condominium Market Overview

With the record low added new supply of condominium units, the cumulative total supply increased only slightly by 0. 9% from the end of 2020 to 225,563 units, representing an additional supply of 3,872 units in the second half of 2021.

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